Arrow Electronics: Overlooked Tech Stock
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Arrow Electronics, Inc. (ARW): Among Overlooked Tech Stocks to Buy Now
82% Informative
The tech sector is ready for a resurgence after a period of instability characterized by high inflation, rising interest rates, and worldwide unpredictability.
Global IT spending is expected to increase by 9.3% , driven mostly by double-digit growth in software and data center investments.
Analysts anticipate that generative AI , cybersecurity, and cloud services will continue to be important growth drivers.
The rate of layoffs dropped significantly in 2024 , indicating growing stability.
Arrow Electronics, Inc. ( NYSE : ARW ) exceeded expectations in the quarter ended December 31, 2024 .
Company's Global Components division generated $4.8 billion in sales despite persistent softness in several verticals.
ECS sales increased 12% year-over-year to $2.5 billion , driven by demand for hybrid cloud, infrastructure software, and AI solutions.
Company expanded its private label managed and professional services portfolio in North America .
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